Why has the UAE closed its stock exchanges?

Authorities have shut main exchanges in Abu Dhabi and Dubai amid ongoing fallout of US-Israeli attacks on Iran.

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The United Arab Emirates has closed its main stock exchanges amid a widening conflict in the region following the United States and Israel’s attacks on Iran.

The UAE’s financial regulator on Sunday announced that its key exchanges in Dubai and Abu Dhabi would not immediately reopen after the weekend break amid the fallout of the US-Israeli attacks that killed Iran’s Supreme Leader Ayatollah Ali Khamenei.

Why has the UAE closed its stock exchanges?

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